321 Ga-49 Byron, GA 31008
- Retail properties
- 2,600 SF
- 0.98 lot acres
Current Use by Public Records
- Retail properties
Property Details for 321 Ga-49
- Year built
- 2023
- Lot size
- 0.98 lot acres
- Property size
- 2,600 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a fee-simple owned, brand-new Starbucks located in Byron, Georgia. Built in 2023, this 2,600 square foot, single-tenant property boasts a 10-year net lease with a corporate guarantee from Starbucks, providing significant financial stability. The lease includes four 5-year options with a 10% rental increase at the beginning of each option period. The property enjoys a prime location directly off Interstate 75 (80,700 vehicles per day), offering exceptional visibility and accessibility. With a strong NOI of $123,500 and a 5.60% cap rate, this investment offers a compelling return. The property features a drive-thru, 25 parking spaces, and sits on a 0.98-acre lot zoned C-3/PUD. Nearby retailers include Popeyes, Zaxby's, Burger King, Taco Bell, and Chick-fil-A, further enhancing the location's appeal. The property's strong demographics within a 5-mile radius contribute to its consistent performance. This is a turnkey investment with limited landlord responsibilities, making it an ideal addition to any portfolio. The asking price is $2,205,000, representing a price per square foot of $848.08. The property's 100% occupancy and strong lease terms ensure a secure and profitable investment.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Byron
- County
- Peach
- State
- Georgia
- Longitude
- -83.7397
- Latitude
- 32.6635
